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OpenAI: GPT-3.5 Turbo 16k API Pricing

OpenAI: GPT-3.5 Turbo 16k costs $3.00 per 1M input tokens and $4.00 per 1M output tokens. Context window: 16K. Prices verified 2026-08-23 Β· source

Input / 1M tokens
$3.00
Output / 1M tokens
$4.00
Context window
16K
Max output
4K

What would OpenAI: GPT-3.5 Turbo 16k cost you per month?

WorkloadRequests/moAvg tokens (in/out)Est. monthly cost
Light chatbot10,000800 / 400$40.00
Coding agent5,0008,000 / 2,000$160.00
RAG pipeline30,0004,000 / 500$420.00
Doc summarizer2,00020,000 / 1,000$128.00

Estimates use list prices without prompt caching. Caching can cut input cost by up to 90% on repeated context.

About OpenAI: GPT-3.5 Turbo 16k

This model offers four times the context length of gpt-3.5-turbo, allowing it to support approximately 20 pages of text in a single request at a higher cost. Training data: up...

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Official resources